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Key FactsTrump says he may consider student loan rate cap
Oct 31, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: newsweek.com
  • Trump said he would consider the proposal, but did not explicitly commit to supporting it.

  • The bill would apply the cap retroactively to existing federal student loans; Congress would first have to pass it.

  • Federal Reserve data put outstanding student loans at $1.86 trillion in the second quarter of 2026, about $55 billion higher than a year earlier.

  • A Student Debt Crisis Center survey found 92% planned to vote in the midterms; nearly two-thirds cut essential spending because of higher payments.
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